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| The Loop shopping center, Kissimmee, FL |
MIAMI, FL – HFF announced it has closed the sale of The
LOOP, a 434,909-square-foot power center in Kissimmee, Florida.
HFF
marketed the property on behalf of AEW Capital Management, L.P. (AEW). AEW managed the asset on behalf of one of
its institutional clients. Metropolitan
Life Insurance Company purchased the asset.
The
LOOP is located on approximately 57 acres at the northwest corner of the
intersection of Osceola Parkway and John Young Parkway. Built in 2005, the 99-percent leased retail
center has 43 tenants, including Regal Cinema, Kohl’s, Sports Authority,
Michael’s, Petco and CVS.
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| Daniel Finkle |
The
HFF investment sales team representing the sellers was led by senior managing
directors Danny Finkle and Brad Peterson, managing director Luis
Castillo and director analyst Kim Flores.
“The LOOP is one of Florida’s most successful retail
destinations,” Finkle said. “The
combination of location, design and tenant performance made The LOOP one of the
highest quality retail investment opportunities in the Southeast.”
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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